Free Debt Payoff Worksheet (Printable Template)

What Is a Debt Payoff Worksheet?

It's a single-page snapshot of your debt: balances, APRs, minimum payments, and the order you plan to pay them off. Seeing everything in one place removes the guesswork and prevents the common mistake of paying extra on the wrong account. Think of it as your debt payoff scoreboard — you can print it, keep it in a notebook, or copy it into a spreadsheet.

How to Use the Worksheet (5 Steps)

1. List every debt: Include credit cards, loans, medical bills, and any store cards.
2. Add key details: Balance, APR, minimum payment, and any extra payment you can commit to each month.
3. Pick your method: Snowball (smallest balance) or avalanche (highest APR). Sort your payoff order accordingly.
4. Set target dates: Estimate when each debt will be paid off based on your extra payment.
5. Update monthly: After payments post, update balances and roll freed-up payments into the next debt.

Sample Debt Payoff Worksheet

Print this table or copy it into a spreadsheet. Then customize the payoff order based on your strategy.

*Example only. Use your real balances and payments for accurate dates.

Digital vs Paper Worksheet

Tips for Staying on Track

• Schedule a monthly "money date" to update your worksheet.
• Celebrate each debt you pay off — momentum matters.
• Increase your extra payment every time your income rises.
• Keep your worksheet visible so your plan stays top of mind.